DOORDASH INC. - Daily - Technical analysis published on 10/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 140.75 USD
My targets
162.45 USD (+9.08%)
175.99 USD (+18.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DOORDASH INC. as long as the price remains well above 140.75 USD. The buyers' bullish objective is set at 162.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 175.99 USD. If there is any crossing, the next objective would be the resistance located at 194.79 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The DOORDASH INC. rating is 148.93 USD. The price has increased by +3.07% since the last closing and was traded between 145.00 USD and 150.00 USD over the period. The price is currently at +2.71% from its lowest and -0.71% from its highest.145.00
150.00
148.93
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOORDASH INC.:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DOORDASH INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 114.89 | 123.56 | 140.75 | 148.93 | 162.45 | 194.79 | 215.16 |
| Change (%) | -22.86% | -17.03% | -5.49% | - | +9.08% | +30.79% | +44.47% |
| Change | -34.04 | -25.37 | -8.18 | - | +13.52 | +45.86 | +66.23 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.42 | 139.59 | 142.04 | 144.21 | 146.66 | 148.83 | 151.28 |
| Camarilla | 143.22 | 143.64 | 144.07 | 144.49 | 144.91 | 145.34 | 145.76 |
| Woodie | 137.56 | 139.66 | 142.18 | 144.28 | 146.80 | 148.90 | 151.42 |
| Fibonacci | 139.59 | 141.36 | 142.45 | 144.21 | 145.98 | 147.07 | 148.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.91 | 138.72 | 141.79 | 143.60 | 146.67 | 148.48 | 151.55 |
| Camarilla | 143.52 | 143.97 | 144.41 | 144.86 | 145.31 | 145.76 | 146.20 |
| Woodie | 137.54 | 139.04 | 142.42 | 143.92 | 147.30 | 148.80 | 152.18 |
| Fibonacci | 138.72 | 140.58 | 141.74 | 143.60 | 145.46 | 146.62 | 148.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.87 | 113.10 | 127.91 | 137.14 | 151.95 | 161.18 | 175.99 |
| Camarilla | 136.12 | 138.32 | 140.53 | 142.73 | 144.93 | 147.14 | 149.34 |
| Woodie | 106.67 | 114.50 | 130.71 | 138.54 | 154.75 | 162.58 | 178.79 |
| Fibonacci | 113.10 | 122.28 | 127.95 | 137.14 | 146.32 | 151.99 | 161.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.17 | |
| MACD (12,26,9): | 4.3500 | |
| Directional Movement: | 19.69 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 146.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 141.36 | |
| Elder Ray (13): | 4.72 | |
| Super Trend (3,10): | 137.08 | |
| Zig ZAG (10): | 148.96 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 76.29 | |
| TEMA (21): | 146.88 | |
| Williams %R (14): | -9.16 | |
| Chande Momentum Oscillator (20): | 5.03 | |
| Repulse (5,40,3): | 3.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4800 | |
| Courbe Coppock: | 10.65 |
| MA7: | 144.07 | |
| MA20: | 140.86 | |
| MA50: | 132.26 | |
| MA100: | 120.78 | |
| MAexp7: | 144.59 | |
| MAexp20: | 140.57 | |
| MAexp50: | 132.79 | |
| MAexp100: | 126.08 | |
| Price / MA7: | +3.37% | |
| Price / MA20: | +5.73% | |
| Price / MA50: | +12.60% | |
| Price / MA100: | +23.31% | |
| Price / MAexp7: | +3.00% | |
| Price / MAexp20: | +5.95% | |
| Price / MAexp50: | +12.15% | |
| Price / MAexp100: | +18.12% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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